Beasley Q2 revenue $44.1M (-17% YoY); net income $84.3M on debt-extinguishment gain

BEASLEY BROADCAST GROUP INC

Net revenue $44.1M, down 16.8% YoY (same-station -9.6%); operating income $1.3M.
GAAP net income $84.3M ($45.95 diluted EPS) on non-cash debt-extinguishment gain; adjusted EBITDA $5.3M vs $4.7M.
May 1 debt restructuring cut total debt $95M, incl. 46% of second-lien; new ABL facility established.
Digital revenue $11.7M (-11.6% YoY, +7.1% same-station); local revenue 74% of net, up 9%.
Added ~$10M annualized cost cuts in Q2; trailing 12-month savings ~$30M.

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